New construction contracts are written for developers/builders, not you. That's why you need a lawyer who specializes in this type of contract to review the document. Before signing anything, or giving any money down, ask for a copy of the contract. Read it thoroughly and have all your questions answered by your condominium lawyer regarding deposits, occupancy conditions, developer/builder's construction schedule, extras not covered by the purchase price, material changes, declaration, and right of recscission. Make sure to review the disclosure statement carefully and warranty program available. Upon signing the purchase contract, don't be a stranger. You must stay in contact with the builder/developer to assess progress. Keep track of all communications in case of future litigation.
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